Is New Market Township, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, New Market Township was a Seller's Market.
Housing Prices in New Market Township, NC
How much do homes in New Market Township, NC cost?
Median Sold Price
$283,250
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in New Market Township was $283,250 in February 2024, up 13.3% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $180K | $437K | +142.8% |
3 Bedrooms | $250K | $278.5K | +11.4% |
4 Bedrooms | $350K | $223.5K | -36.1% |
5+ Bedrooms | - | $1.7M | N/A |
Summary: New Market Township housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 142.8%, 3 bedroom homes increased by 11.4%, 4 bedroom homes decreased by 36.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
New Market Township | $250K | $283.2K | +13.3% |
Sophia | $247.2K | $272.5K | +10.2% |
Randleman Township | $235K | $253K | +7.7% |
Randleman | $235K | $250K | +6.4% |
Housing Supply in New Market Township, NC
How many homes are available in New Market Township, NC?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
8 | 18 | +125.0% |
Summary: The New Market Township real estate market had 18 homes for sale in February 2024, a 125.0% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 5 | 14 | +180.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The New Market Township housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 180%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
1 | 1 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in New Market Township in February 2024, the same as the previous month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for New Market Township, NC
How long does it take to sell a home in New Market Township, NC?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
8 Days | 33 Days | +312.5% |
Summary: Homes in New Market Township had an average of 33 days on market in Feb 2024, up by 312.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During February 2024, 1 homes were sold in New Market Township; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.